With construction costs and interest rates soaring, San Antonio developers are struggling to make the numbers work for their affordable housing projects.
Today, the City of San Antonio is due to formally begin the process of finding developers to build and preserve apartments, and build houses, as part of the $150 million housing bond.
The Tower Life Building’s new owners want to convert the long-time office building into 234 apartments with 10,000 square feet of restaurant space each on the ground and river levels.
On Tuesday morning, concerns over whether the city of San Antonio would support The Link project led to sparring between Bexar County commissioners, who voted 3-2 to approve a $2 million feasibility study.
The Residence at Grayson Heights, a 281-unit, market-rate development in Government Hill, was awarded a $2.1 million tax incentive last week, but not without heavy criticism from some on the City Council.
How San Antonio’s discussion on housing costs has evolved from the Decade of Downtown to the pandemic-era shortage.
On Thursday, City Council approved a new agreement with Zachry Hospitality to redevelop the northwest corner of Hemisfair after the company failed to pay rent or meet its construction deadlines in a 2017 deal.
The 26th Cesar E. Chavez March for Justice returned to the streets of San Antonio this morning following a two-year hiatus because of the pandemic.
Mayor Ron Nirenberg and the City Council gave enthusiastic support on Wednesday to the city’s proposal to rewrite a five-year-old agreement with Zachry Hospitality regarding its plan to develop the northwest corner of Hemisfair, a long-delayed project.
Years behind schedule, the construction of Hemisfair’s Civic Park has been delayed in part by Zachry Hospitality’s inability to start construction of its multi-use development.